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Illumina ILMN Q4 2024 Annual earnings

Reported February 6, 2025 · After market close

Revenue estimate$1.1B
EPS estimate$0.92

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$1.1B
EPS estimate$1.24

Financials

Q4 2024

Income statement

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Revenue$1.1B-1.6%
Gross profit$728.0M+8.0%
Net income$186.0M+206%

Balance sheet

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Cash & equivalents$1.1B+7.5%
Total debt$2.1B-6.1%
Total equity$2.4B-58.7%
Total assets$6.3B-37.7%

Cash flow

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Operating cash flow$364.0M+62.5%
CapEx$29.0M-43.1%
Free cash flow$335.0M+93.6%

Valuation & ratios

Valuation

as of 12/29/24
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Market cap$21.19B-4.3%
Enterprise value$22.19B-5.0%
P/S4.8×-0.1×

Profitability

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Gross margin65.4%+4.5pp
Net margin-28%+2.6pp
FCF margin16.2%+9.9pp

Returns & leverage

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Return on equity-30.1%+45.5pp
Debt / equity0.9×+0.5×
Current ratio1.8×+0.1×

Segments

By product

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Consumables$779.0M+3.0%
Service$166.0M-16.6%
Instruments$159.0M-4.8%

By segment

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Sequencing$1.0B-2.0%
Microarray$100.0M+2.0%

Versus estimates

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Questions, answered.

When did Illumina report Q4 2024 earnings?
Illumina (ILMN) reported Q4 2024 earnings on February 6, 2025 after market close.
What were Illumina's Q4 2024 revenue and EPS?
Illumina reported revenue of $1.1B and diluted EPS of $0.86 for Q4 2024.
Did Illumina beat estimates in Q4 2024?
Revenue beat the consensus estimate of $1.1B by $32.2M. EPS missed the consensus estimate of $0.92 by $0.06.
Where can I find Illumina's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001110803-25-000019) directly on SEC EDGAR. The filing index links above go to sec.gov.